From HR Dive: "Roughly 6 in 10 employers said their well-being strategy is consistent globally, and 18% plan to develop one soon, according to a new survey."
Harvard Resource Solutions LLC’s Post
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Looking into the future of 2024, it's evident that the labor market will likely remain challenging, posing ongoing difficulties for HR leaders in talent acquisition and retention. Nevertheless, experts suggest that both traditional and innovative benefits can serve as pivotal tools in attracting and retaining top-tier candidates and employees. Feel free to reach out if you'd like a second opinion on your employee benefit offering! #employeeengagement #hrconsultancy #employers Link: https://lnkd.in/eDgznGCb
8 benefits areas HR is focusing on in 2024
hrexecutive.com
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As many health plans renew in January, HR professionals are in the season of focusing on their 2024 employee benefits strategy. Attracting and retaining top talent is crucial for the success of companies and organizations. Employee benefits are essential to a comprehensive compensation package and significantly impact an employee’s overall job satisfaction and quality of life. Offering attractive benefits demonstrates a company’s commitment to the overall well-being of its employees, fostering a positive work environment and boosting employee loyalty. Mentions of employee benefits in job postings on recruiting website ZipRecruiter reached the highest rates on record. Looking to level-up your employee benefits package to attract and retain best-in-class staff? Let's chat! #employeebenefits #humanresources #talentmanagement #hrprofessionals #shrm #hrindiana #healthinsurance
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HRNEWS just posted an article that says "43% of employers intend to increase their investment to provide support for staff in the next 12 months". An interesting development that is of course great news 😁 for some workplaces! When considering a role, how important is the benefit package to you? #hr #hrcommunity Link to the article: https://lnkd.in/e_ND4yvm
43% of employers will increase investment in employee benefits to provide support in the next 12 months
https://hrnews.co.uk
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🔥 This is one of the most fierce enemies of HR professionals today: The Talent Retention Battle! 🔥 As the job market tightens, 83.4% of employees say compensation is their top priority. Yet, perks like paid leave and healthcare are equally pivotal, with nearly 40% of professionals demanding more. 💰 (Source : AIHR | Academy to Innovate HR) A recent Forbes survey highlighted a crucial trend: 40% of employers lose talent over inadequate benefits, prompting 62% to update their packages last year. What's your strategy? ✅ Innovation and Ownership: Bonuses for creativity and stock options can align with company goals. ✅ Competitive Edge: Stand out with attractive salaries and perks. ✅ Work-Life Balance: Modern employees crave flexibility and growth opportunities. Decisions abound, but with Gloroots, simplification is within reach. Interested in streamlining your compensation strategy? Reach out to know more! #HR #HumanResources #EmployeeRetention #StrategicHR
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👀 Our very own CEO Clayton Pyne recently sat down with Glenn Baker from NZBusiness Magazine for an exclusive interview, unpacking how technology is reshaping traditional workforce dynamics and enabling businesses to retain and engage frontline and flexible workers. “There is a causal link between the experience your staff have with you, the experience they drive for your customers, and ultimately the business returns in revenue and profit” Pyne stated. Discover how technology plays a critical role in closing the gap in development, empathy, opportunity, and flexibility for frontline staff; how employers must also work on their value proposition for employees; and how Humanforce is delivering meaningful benefits to address the challenges and opportunities for frontline and flexible workforces. 👉 Dive into the full interview to uncover strategies that can elevate your Human Capital Management (HCM) game: https://hubs.la/Q02wM7Xz0 #Humanforce #WorkforceManagement #WFM #HCM #intelliHR #HRIS #Payroll #Technology #Innovation #EmployeeEngagement #EmployeeExperience #EX #Thrive #Wellbeing #NewZealandBusinessMagazine
Enabling and retaining the best frontline staff | NZBusiness Magazine
https://nzbusiness.co.nz
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Discover the secrets to reducing employee turnover and building a loyal workforce! Forbes Business Council shares valuable insights on how employers can turn the tide on turnover. https://lnkd.in/g-XZFBBG #EmployeeEngagement #RetentionStrategies #WorkforceSolutions
Council Post: How Employers Can Turn The Tide On Turnover
forbes.com
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Did you know that the average cost of replacing an employee in the UK is between approximately £14,800 and £22,200! 🤯 When an employer takes care of their employees, they're not only supporting the health and wellbeing of their staff, but also reducing the costs of their employee turnover. The American Psychological Association reports that employees who feel valued are motivated to do their best at work. Supporting the health and wellbeing of employees not only shows that a company values it's staff, but that it is willing to invest in supporting them. Get in touch if you'd like to know how we can support your workforce. #employeewellbeing #wellbeingintheworkplace
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This is a great article and a must read for HR Professionals. If you need help in better understanding your multi-generation workforce and understanding their unique benefit needs, HUB can help.
Generational differences should addressed in benefit offerings, research finds | BenefitsPRO
benefitspro.com
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𝐓𝐚𝐥𝐞𝐧𝐭 𝐫𝐞𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐢𝐬 𝐭𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐟𝐨𝐫 𝐔𝐊 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐫𝐬 𝐢𝐧 𝟐𝟎𝟐𝟒... Some of the biggest challenges facing employers right now include retaining #TopTalent, meeting salary and #PayRise expectations, and providing a good #WorkLifeBalance for employees, according to new research. #HRSoftware provider Ciphr commissioned a survey of 300 UK HR decision-makers to find out which workplace challenges, if any, were causing their organisations the biggest headaches in 2024. 📊 Based on the results of this research, most UK businesses appear to be grappling with a multitude of internal and external economic pressures. Answering on behalf of their organisation, survey respondents each identified an average of 11 different #WorkplaceChallenges or HR pain points. Any one of which could, potentially, hinder their operational success over the coming year. #RetainingEmployees and keeping skilled workers onboard (helping organisations curb costly high turnover rates and lost productivity) topped the poll of biggest challenges. Over half (51%) of #HRSurvey respondents reported retention as their top worry for the year ahead. Full news article on the research conducted by Ciphr featured as BBP Media's main story of the day, or click the link below to be re-directed! 👇 https://lnkd.in/ewTPiM-d #HRNews #HRInsights #StaffRetention #TalentRetention #HRChallenges #EconomicPressures #WageIncreases #EmployeeWellbeing #MentalHealth #SkillsGap
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More than half of employers experienced a turnover rate of at least 15% in 2022, according to Gallagher, and companies are responding by boosting compensation and benefits to improve retention—expanding medical benefits, enhancing organizational wellbeing efforts, supporting DEI, and raising salary bases. https://lnkd.in/d2sDb-Fq - HR Dive #Rentention #TotalRewards
Employers rank retention as top operational priority right now
hrdive.com
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